The United Nations Global Compact, the International Finance Corporation (IFC) and the Global Leadership Network (GLN) have formed a joint partnership to help UN Global Compact signatories, IFC clients and the wider private sector in emerging markets integrate corporate citizenship into business strategy and performance. The new partnership will be unveiled during the closing plenary session at the UN Global Compact Leaders Summit in Geneva on July 5, 2007.
Founded by IBM, AccountAbility, the Boston College Center for Corporate Citizenship, and nine other industry leaders, GLN has created a landmark community to define and achieve performance excellence in corporate citizenship. The network continues to grow in stature and size, to over thirty leaders from around the world with regional networks in China, Brazil and Europe and partners such as the Chinese Federation for CSR, Rever Consulting and the Corporate Citizenship Company.
GLN has established a learning, benchmarking and leadership group striving to embed responsible business practices as a driver of long term, sustainable competitive performance. Now, this unique partnership will allow companies of all sizes, sectors and regions to use GLN’s frameworks and tools by providing them with free access to GLN’s interactive strategic planning and assessment tool.
The tool draws on an extensive database of good practice case studies, real-time benchmarking and automated reporting to provide users with the necessary information on key strategic alignment efforts. For UN Global Compact signatories in particular, the GLN Global Compact Implementation Tool will enable companies to:
As a result, companies will be able to assess how the Global Compact principles and other sustainability issues serve as productive drivers of business performance that add value for owners and society alike.
A free tool will also be made available to IFC clients and companies in emerging and developing markets. “For corporate citizenship to deliver on its potential it must become fundamental to strategy and operations,” says Steve Rochlin, Head of AccountAbility North America. “The partnership among GLN, the UN Global Compact, and IFC now enables companies around the world to reach this potential.”
The new tool will be accessible via an exclusive website at www.gln-openaccess.org. A preview will be available throughout the Summit at the E-library, “Hall des Pas Perdus" of the General Assembly building.
For more information, contact
Global Leadership Network;
+44 207 549 0400;
+ 44 776 8393 745 (cell)
UN Global Compact Office
AccountAbility is an international, non-profit membership organization dedicated to promoting accountability innovations that enable individuals, institutions and alliances to respond better to global challenges. AccountAbility works to develop new thinking, tools and connections that promote accountability for sustainable development. Find out more at www.accountability21.net
The Boston College Center for Corporate Citizenship (BCCCC) is a membership based research organization. BCCCC works with global corporations to help them define, plan and operationalize their corporate citizenship. BCCCC’s goal is to help business leverage its social, economic and human assets to ensure both its success and a more just and sustainable world. Find out more at http://bcccc.net.
About the GLN:
The Global Leadership Network is an international, membership-based initiative established by AccountAbility, the Boston College Center for Corporate Citizenship, IBM and nine other industry leaders dedicated to promoting performance excellence in corporate citizenship. Find out more at www.globalleadershipnetwork.org
About the Global Compact:
Launched in 2000, the UN Global Compact is the largest corporate citizenship initiative in the world. As of May 2007 more than 3,000 companies from 100 countries, as well as over 700 hundred civil society, international labor organizations and academic institutions are engaged in the initiative. All are working to promote responsible corporate citizenship, ensuring that business is part of the solution to the challenges of globalization. In this way, the private sector – in partnership with other social actors – can help realize a more sustainable and inclusive global economy. Find out more at www.unglobalcompact.org
About the IFC:
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, promotes open and competitive markets in developing countries. IFC supports sustainable private sector companies and other partners in generating productive jobs and delivering basic services, so that people have opportunities to escape poverty and improve their lives. Find out more at www.ifc.org.